Hard Drive costs rocket since Thailand flood disaster

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) November 8, 2011 -- The world's second largest producer of drives behind China, Thailand, is dealing with the aftermath of flooding that has killed more than 400 people, wrecked 14,000 factories and left two thirds of a million people out of work.

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Hard Drive costs rocket since Thailand flood disaster

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As the supply chain transit from Thailand to points of sale is a lengthy one in timescale terms both to Europe and the US the shortages are bound to persist into 2012 therefore industry insiders expect the first quarter showing severe drive availability constraints and price rises and a gradual amelioration after that in the second and third quarters.

London Mac Repairs have continued to investigate the rising price of hard disk storage media since these recent floods in Thailand which have affected two of the major manufacturers of hard drives. This disaster has caused major damage and indeed, loss of life. The floods are Thailand's worst in half a century, and have left over 500 people dead, according to the government. They have caused untold damage to the infrastructure in the region. One-fifth of Bangkok is now underwater, according to the BBC. It seems that supplier channels across the globe are now either struggling to source hard drives at 'comfortable' prices or stockpiling existing reserves and 'selling 'em high' as they fear sourcing drives in the coming weeks and months to worsen. The floods have knocked out both Western Digital and Toshiba's disk drive operations at Bangkok, with an industry shortfall this quarter of 50 million or more drives. It is not known how long it will take to get the plants and any affected component suppliers back to full operations but we can expect increasing problems in sourcing new hard drives at affordable prices. Shortages became so severe so quickly that some UK distributors and suppliers suspect this will have a lasting impact on the industry for at least the next six to nine months.

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